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Stove Kraft Limited IPO (Stove Kraft IPO) Detail

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Initial Public offering of Stove Kraft Limited (Stove Kraft IPO)

About the Company

Initial Public offering of Stove Kraft Limited (Stove Kraft IPO): Stove Kraft is a major player in the Kitchen appliances in the Indian market. The company sells under the brand names such as “Gilima” and “Pigeon” and “Black + Decker”. The product portfolio of Stove Kraft has 660+ kitchen solutions including cooking appliances, cookware, household utilities, and others. In the year 2019, it also started manufacturing Pigeon LED products. They are selling products through e-commerce marketplace too. The estimated turnover for the last financial year likely around 700 crores. Stove Kraft has a wide network in India for the distribution and selling of their products. The company export its product to the USA, Mexico, Kenya, Qatar, Sri Lanka, Fiji, Bahrain, Kuwait, etc. Check out Stove Kraft IPO dates, price band and market lot details.

Apply for IPO via Zerodha
Apply for IPO via Upstox

Promoters of the company

  1. Rajendra Gandhi
  2. Sunita Rajendra Gandhi

Objects of the Offer

The IPO proceed will be used for the following purposes;

  • To make the repayment or prepayment payment of the company’s borrowings fully or partially
  • To meet general corporate purposes.

Financials of the company

The below is the summarized Financial Details of Company (RESTATED CONSOLIDATED INFORMATION)

30-Sept-2031-Mar-2031-Mar-1931-Mar-18
Total Assets4,984.994,712.914,257.263,936.42
Total Revenue3,295.096,729.146,425.985,345.85
Profit After Tax287.7631.707.36(120.18)
Financials of the company

IPO Details

 IPO Open: 25 January 2021
 IPO Close: 28 January 2021
 IPO Size: Approx ₹412 crore
 Face Value: ₹10 per Equity Share
 Price Band: ₹384 to ₹385 Per Share 
 Listing on: BSE & NSE
 Retail Portion: 35%
 Equity:8,250,000 shares
IPO Details

Time line of IPO Process

IPO Subscription Open date25th January 2021
IPO Subscription Close date 28th January 2021
Basis of Allotment finalization date 02 February 2021
Issue of refunds and Allotment status link activation date 03 February 2021
Crediting of shares to Demat account 04 February 2021
IPO Listing on Stock Exchanges( 10 Am) 05 February 2021

Strengths of the Company

  1. One of the largest kitchen appliance company in India.
  2. Diversified product portfolio.
  3. Strong brand name.
  4. Strong distribution network.
  5. Well-equipped manufacturing facility

Risks of Business and Operations

Book Running Lead Managers

  1. JM Financial Consultants Private Limited
  2. Edelweiss Financial Services Limited

Important Links

DRHP Draft Prospectus
RHP Draft Prospectus

Company Address

Stove Kraft Limited
81/1, Medamarana Halli Village
Harohalli Hobli, Kanakapura Taluk
Ramanagar District, 562 112
Phone: +91 80 2801 6222
Email: cs@stovekraft.com
Website: http://www.stovekraft.com

Tags: Stove Kraft IPOStove Kraft IPO AnalysisStove Kraft IPO DetailsStove Kraft IPO ReviewStove kraft Limited IPOStove Kraft Limited IPO (Stove Kraft IPO) Detail
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